Social responsibility has been defined as a social norm. In this society, companies from the least to the greatest practice Corporate Social Responsibility (CSR). The management and staff of the corporations are expected to perform the right things as their misdeeds may be held accountable. Furthermore, the corporation is required to be responsible for their member‟s behavior. (Seitel, 2003) According to McWilliams, Siegel & Wright (2006), they claimed that although there are numerous definitions of CSR but the given definition is vague and unclear.
He gives us some assumptions and examples of their potential results and impacts on corporations to express his ideas clearly. In addition, he makes comparisons between being an individual and an executive and mentions the sharp differences between their responsibilities. The writer’s purpose is making it distinguishable and understandable for readers if there is a reality of the doctrine of the social responsibility for business. He aims to show
It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which states that a firm can never exist In a vacuum (Khalidah et. al.). Volkswagen has Corporate Social Responsibility embedded into its company’s culture and values.
Social responsibilities is an ethical or ideological theory that an entity whether it is government ,corporation , organization or individual has a responsibility to society .The obligation of an organization 's management towards the welfare and interests of the society in which it operates. This commitment is to see beyond the legal obligation to extend statutory requirements and provides organizations to take further steps voluntarily to improve the quality of life for employees and their families as well as for the local community and society. Corporate social responsibility is a concept that takes into account the organizations that take account of the interests of the company by taking responsibility for the impact of their activities
According to Carroll, corporate social responsibility involves the expectations that society has of business. As the expectations placed on companies evolve over time and across countries, social responsibility becomes a continuous process of the accommodation of corporate behavior to societal expectations. Carroll also argued that the definition of corporate social responsibility should encompass the entire range of expectation put on companies which is including economic, legal, ethical and philanthropic
Introduction According to Blowfield and Murray (2008) 81% of executives of small businesses and global multinational companies argued, in a 2005 poll, that corporate social responsibility is very important for their companies. They suppose that business should make a positive and beneficial contribution to society. Nowadays more and more companies publish their social and environmental performances. There is no one specified definition of corporate social responsibility because it embodies a wide range of activities and different companies practise different responsibility actions. Corporate social responsibility covers a large number of issues, the most protuberant are: business
54 The principles includes principles of Corporate Social Responsibility expressed at the institutional , organizational and individuals levels, process of Corporate Social Responsiveness, such as environmental assessment, stakeholder management and issues management; and the outcomes of corporate behavior, including social impacts, social programs and social policies. This concept of corporate social performance looks at how business integrates social demands, arguing that business depends on society for its existence, continuity and
Corporate Social Responsibility encourages professional (and personal) growth: The staff can develop their leadership and project management skills it makes well designed CSR. THIS is simple a term building exercises and motivating the staff to form strong relationships with people that is not normally meet. LOCAL
Introduction Corporate social responsibility is an organizational philosophy, which primarily emphasizes on the significance of focusing on the best interests of the entire society. Corporate organizations have a responsibility to assess the societal and environmental impacts they cause, apart from the achievement of their organizational goals and objectives (Coombs & Holladay, 2012). In the early growth phases, business organizations focus mainly on the achievement of financial goals. However, as the businesses grow, they interact with a wider range of stakeholders, and have a role to play in the wellbeing of their employees, customers, and the entire society at large (Hawkins, 2006). For this reason, there is a need for business firms to